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Commerce · Q1927

Accounting

Graduate and Post Graduate · Commerce · question 1927

Q1927

In the balance sheet, the preliminary expense of Rs. 10,000 was reduced to Rs. 500. It will be considered as.

A.
Sale of pre-liminary expenses
B.
Current asset
C.
Adjustment in profit from operation
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
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